Your Company is Incorporated

Main Advantages of Converting from Private Limited Company to Public Limited Company

Limited Liability to Owner to the extent of capital, thus protection of your personal assets.

Have larger number of shareholders & directors. Suited for a company with multiple investors pr PE's or Venture Capitalists.

Considered a very stable form of business by Bankers & Financial Institutions

Frequently Asked Questions

What is the number of people required to incorporate a Public Limited Company?

A minimum of 7 people are required to incorporate a Public Limited Company. The limited company needs to have a minimum of 7 shareholders an 3 directors.

What are the requirements to be a Director?

There are no limitations of citizenship to be a director. But the person should be 18 or above 18 years of age.

Can NRIs / Foreign Nationals be a Director in a Public Limited Company?

Yes, a NRI or Foreign National can be a Director in a Public Limited Company after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be an Indian resident.

What documents are required to incorporate a Public Limited Company?

Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

How long does it take to incorporate a Public Limited Company?

Legalwiz.in can incorporate a Public Limited Company in 20 working days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy incorporation, please choose a unique name for your Company and ensure you have all the required documents prior to starting the incorporation process.

What are the statutory compliances required for a Public Limited Company?

A Public Limited Company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Public Limited Company, at least once every year.

More Questions?

Contact us for additional assistance

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support@legalwiz.in

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Conversion of private limited company to public limited company is beneficial as it brings with it larger capital inflow. Public limited is a better option than a private limited company when a company plans to expand. A public limited company can advertise its shares and the shareholders enjoy the benefit of limited liability. We at LegalWiz.in, provide online assistance to convert your private limited company into a public limited company. We guarantee highest quality standard backed by 100% customer satisfaction. Our qualified team of legal professionals, chartered accountants and company secretaries are always available to assist you with all the legal and administrative aspects of the registration, drafting and conversion of private limited company to a public limited company and post registration aspects that are required to be fulfilled to convert private limited company to a public limited company. To change from private limited company to a public limited company, you would be required to follow certain quick and easy steps and provide LegalWiz with the required documents and we would convert your Pvt. Ltd Co. to Public Ltd Company. Subject matter experts are available on call or via email to answer your queries. We also provide a full spectrum of post conversion services related to SSI/MSME Registration, VAT Returns Filing, Service Tax Return Filing, TDS Return Filing, Trademark Registration, Trademark Objection, Trademark Assignment, Trademark Renewal, Copyright Registration, Bookkeeping, Legal Drafting, Accounting, Import Export Code registration etc. We offer services through an online model and a network of trusted affiliates across all major cities in India including Mumbai, Delhi, Ahmedabad, Pune, Bangalore, Hyderabad, Vadodara, Kolkata, Chennai, Noida, Gurgaon, Surat, Rajkot and others.